50% of Deloitte’s Blockchain Projects Are On Ethereum

Consensus 2019 has come and gone; booth and aisles were bustling with people, taking over the Hilton Midtown Hotel. We sat in on sessions with Deloitte, wanting to hear why they recently moved from Ethereum to VeChain. After the panel, we were able to sit down with Antonio Senatore, global CTO of Deloitte blockchains and discussed Deloitte and their involvement in the blockchain.

Is Deloitte Working With Vechain or Ethereum?

There were recent announcements that Deloitte was moving their clients to VeChain. As it turns out, Deloitte will remain working with Ethereum:

“Deloitte believes strongly in multi platform development, and 50% of our projects are built on Ethereum”

– Antonio Senatore, Global CTO for Deloitte’s Blockchain

A member of Deloitte’s team affirmed to have a good opinion of Ethereum, stating that Ethereum is a robust network, that has been tested, is open source and transparent. According to Antonio Salvatore, a multichain system is most likely to be used with interactions between platforms. In fact:

“We will launch a very large project by the end of the year on the Ethereum platform”

VeChain will be used for certain clients who have different needs and specific use cases. The main reasons why VeChain was chosen for those specific projects are the clients individual choice and the cost of transactions in the Ethereum network that were at times very high especially with the price volatility. Antonio also states that Vechain was a good choice for that specific use case, they have a strong community and ecosystem.

It feels like the start of a multi platform development, where blockchains are used for specific uses and not looking for one blockchain solution for all, and yet they will be interconnected somehow. We are not there yet in terms of interconnectivity. Yet, the growth in blockchain projects at Consensus 2019 can be observed across difference industries compared to previous years.

Writer Bio: Art Malkov is NY based tech specialist and contributing writer for Silicon NYC on all things blockchain.